§47-6-6. Usury and usurious contracts; penalties and forfeitures.
All contracts and assurances made directly or indirectly for
the loan or forbearance of money or other thing at a greater rate
of interest than is permitted by law shall be void as to all
interest provided for in any such contract or assurance, and the
borrower or debtor may, in addition, recover from the original
lender or creditor or other holder not in due course an amount
equal to four times all interest agreed to be paid and in any
event a minimum of one hundred dollars. Every usurious contract
and assurance shall be presumed to have been wilfully made by the
lender or creditor, but a bona fide error, innocently made, which
causes such contract or assurance to be usurious shall not
constitute a violation of this section if the lender or creditor
shall rectify the error within fifteen days after receiving
notice thereof.